nCino, Inc. (NASDAQ: NCNO) reported Q2 EPS of ($0.02), $0.04 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $66.5 million versus the consensus estimate of $63.7 million.

“We are extremely pleased with the results of our second quarter, which include 37% year-over year growth in subscription revenues, 129% year-over-year growth in international revenues, and record second quarter sales,” said Pierre Naudé, CEO of nCino. “In addition, today we announced that Wells Fargo, one of the top four banks in the U.S., has selected nCino to digitally transform its commercial lending operations. This growth across the U.S. and our non-U.S. markets illustrates that financial institutions of all sizes, all around the world, continue to embrace the nCino platform as part of their transition to a digital, client-first strategy.”

Naudé continued, “To structure the organization for further growth and scale, today we also announced a number of promotions and new positions across our executive leadership team. Even with the success we’ve achieved thus far, nCino is still in the very early stages of digitally transforming the global financial services industry and I am confident we are well-positioned to address the opportunity ahead of us.”

GUIDANCE:

nCino, Inc. sees Q3 2022 EPS of ($0.06)-($0.07), versus the consensus of ($0.06). nCino, Inc. sees Q3 2022 revenue of $66-67 million, versus the consensus of $65.1 million.

nCino, Inc. sees FY2022 EPS of ($0.22)-($0.23), versus the consensus of ($0.23). nCino, Inc. sees FY2022 revenue of $263-264 million, versus the consensus of $259.13 million.

For earnings history and earnings-related data on nCino, Inc. (NCNO) click here.